Antero Midstream Reports Strong Q1 Volume Growth, EBITDA Up 5%, Completes HG Energy Acquisition
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Antero Midstream announced its first quarter 2026 financial and operating results, reporting strong growth in key metrics and confirming the successful completion of its strategic HG Energy acquisition and Ohio Utica Shale divestiture. Gathering volumes increased by 14% year-over-year, Adjusted EBITDA rose 5% to $288 million, and Adjusted Free Cash Flow after dividends grew 8% to $85 million. Net income was $118 million, or $0.25 per diluted share, in line with the prior year. The company also repurchased 1.0 million shares for $18 million. Management highlighted the seamless integration of the HG Energy assets and ongoing capital investments to enhance system connectivity, positioning the company for continued high-single-digit EBITDA growth. While fresh water delivery volumes decreased, the overall results and strategic progress are positive for Antero Midstream, a key partner to Antero Resources (AR). Investors will monitor the continued integration of acquired assets and the impact of new well connections on future volume growth.
At the time of this announcement, AM was trading at $21.81 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $10.4B. The 52-week trading range was $16.24 to $23.84. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.